Increasing the production capacity and strengthening the export potential of „Mihailov trade"LTD

„Mihailov trade"LTD is one of the limited number of Bulgarian companies manufacturing and distributing high-quality foils for cooking and storing food. We sell our production to the local market, but we already have some orders from neighboring countries - Macedonia, Romania and Greece. Since the establishment of the company until now, the manufacturing volumes are increasing steadily, which is a indicator for the high quality of our products and marketing and management as well. We are developing new products to be competitive and to expand our market share. We are flexible and adaptive, which is an important advantage compared to our competitors. We already established steady partnerships with distributor companies with increased demand on our goods. In order to respond to the increased demand of our goods we will buy new machines to widen our product capacity and widen the range of projects offered . We will buy an Automatic Rewinder Machine for Aluminum and Stretch Foil and Fully Automatic Packing Machine - this way we will eliminate the manual labor . At this stage of making the foils, extreme precision is needed and it is not enough efficient part of the manufacture. That is why buying the new equipment we will decrease the manufacturing time of the metal bodies and other details, we will decrease the costs and we will increase the quality. The machine is highly productive and with it we can improve the assortment and design of our products. With the realization of the project we will reach an increase of the production capacity and strengthening of the export potential.

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Overview

Status Closed (completion date)
Start date 12 Feb, 2020
End date 09 Apr, 2021
Contract date 12 Feb, 2020
View in UMIS

Financial information

Total cost 166,245.55
Grant 116,371.88
Self finance 49,873.67
Total paid 116,270.00
EU participation percent 85.0%

Location